Trade Alerts, Trend Reports and Opinions by FX Options
Euro: the upside prevails.
March 11, 2010 at 7:03 am • Posted in Daily Trend Report
Euro
| Pivot: 72 |
| Our Scenario: Long positions above 72 with targets @ 74.5 & 76.15 in extension. |
| Alternative Scenario: Below 72 look for further downside with 71 & 69.5 as targets. |
| Comment: the pair is rebounding on its bullish channel lower boundary as the RSI is supported by a rising trend line. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
74.5 |
| Resistance2 |
76.15 |
| Resistance3 |
77.5 |
| Support1 |
72 |
| Support2 |
71 |
| Support3 |
69.5 |
